How Would You Handle This?

[scmb]

Recently received on accident an advisor copy of two recently purchased annuities that he had sold to a client in my area.

It's a FIA for about 500k.

The problem is the company he placed it with, Phoenix. They are only B rated.

With that also being above the state pool maximum.

How would you possibly try to approach the client? Still within the free look period.

 

[goillini52]

Recently received on accident an advisor copy of two recently purchased annuities that he had sold to a client in my area.

It's a FIA for about 500k.

The problem is the company he placed it with, Phoenix. They are only B rated.

With that also being above the state pool maximum.

How would you possibly try to approach the client? Still within the free look period.

Door knock..........QUICKLY!!!

B companies pay higher interest.

 

[scmb]

I'm pretty sure I can beat the interest rate.. Obviously planning to door knock but since it's a nice premium I'm trying to figure out the best way to approach

 

[goillini52]

I'm pretty sure I can beat the interest rate.. Obviously planning to door knock but since it's a nice premium I'm trying to figure out the best way to approach

Just say you're out talking to peopled about annuities and ask them if they have any or any CD's.

 

[Norwayguy]

So are you planning on delivering his policy? It's sad that it happens as often as it does, I have had other agents policies come bundled with mine before but never for my area I always give the agent a heads up and send the policy on to them because it could just as easily happen to me.

The weirdest one was getting a call from a carrier who somehow recieved a check made out to my client and managed to deposit said check into there account. Check was part of a systamtic transfer to a third company boy it took a while to figure out and get corrected.

 

[Josh]

Recently received on accident an advisor copy of two recently purchased annuities that he had sold to a client in my area.

It's a FIA for about 500k.

The problem is the company he placed it with, Phoenix. They are only B rated.

With that also being above the state pool maximum.

How would you possibly try to approach the client? Still within the free look period.

So just to be clear, a carrier accidentally sent you information about another agent's client and you're using that information to try to make a sale?

 

[bill3173]

So just to be clear, a carrier accidentally sent you information about another agent's client and you're using that information to try to make a sale?

I hope that's not what he meant. That is messed up.

 

[scmb]

No policy just the summary of the annuity. The letter that's send out to the producer when a new policy is issued.

I wouldn't bother with it but the company he placed it with is B rated and the premium amount is above the state pool limit.

If he disclosed both of those to the client then obviously I won't have any business to make there if I met with her.

The agent didn't change his address when he moved a few years back I guess cause it came to my office and I've been here for some time now.

This is business, nothing more, if he did his job right then the business is secured from anyone else replacing it. I doubt he did for the above reasons.

I can guarantee a higher payout with an A+ company so why not?

 

[Josh]

No policy just the summary of the annuity. The letter that's send out to the producer when a new policy is issued.

I wouldn't bother with it but the company he placed it with is B rated and the premium amount is above the state pool limit.

If he disclosed both of those to the client then obviously I won't have any business to make there if I met with her.

The agent didn't change his address when he moved a few years back I guess cause it came to my office and I've been here for some time now.

This is business, nothing more, if he did his job right then the business is secured from anyone else replacing it. I doubt he did for the above reasons.

I can guarantee a higher payout with an A+ company so why not?

You opened mail that wasn't addressed to you?

 

[goillini52]

You opened mail that wasn't addressed to you?

This just gets better and better.